EGO empire oil & gas nl

ERM Loan, page-64

  1. 25,955 Posts.
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    I am of the opinion that ERM want out, the question is how desperate do they want out.....

    IMO, If I was in their position and didn't desperately need funds I would offer EGO an
    extension of repayment deadline, just say 12 months, such an extension would no doubt
    require an agreed interest rate currently not applicable.......

    There is nothing to gain by enforcing payment without a top up that is in vogue, they
    would basically get back what they lent less inflation etc.....

    There are extenuating circumstances here that no-one foresaw including
    all the big boys, the sector will turn no doubt, maybe ERM might find
    it in their capacity to put off repayment in return for a better outcome
    in a years time....

    Just a thought....
 
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